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Cable Update (GBPUSD)

  • #411,761
  • Mar 18, 2015 12:27pm Mar 18, 2015 12:27pm
Quoting Alorente
{quote} OK, thanks. Here is another way to arrive at a 1.6400 target: The potential inverse Head & Shoulders forming on the weekly gives an implied target of 1.6400. Of course, it is not yet formed, but it is a good possibility to be aware of... {image}

watching in daily it fits much better

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot.png Size: 101 KB


the key point and possible earliest sign will be price conquering > 1.4830 - 60. telling this since yesterday but majority of people in here are more for the short term opp! that's why i'm looking for buy entries in 1.46:becoming very interesting cheap price!!

so in case mkt will decide to reverse for a while (which is possible) and if i see what i need to see... the 1.48 area could become really good entry to target 1.50 1.53 1.55 and so on
90% of traders use TA, indicators and prediction
  • #411,762
  • Mar 18, 2015 12:32pm Mar 18, 2015 12:32pm
Question now is if this bull move is support broken retest or real bullish movement. Seeing W1 and MN1 seem retest and future fall...
Try don't lose pants never...
  • #411,763
  • Mar 18, 2015 12:44pm Mar 18, 2015 12:44pm
Quoting braintheboss
Question now is if this bull move is support broken retest or real bullish movement. Seeing W1 and MN1 seem retest and future fall...
surely a broken support re test!
if now will be proven resistance or not ... that's another story
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  • #411,764
  • Mar 18, 2015 12:45pm Mar 18, 2015 12:45pm
Quoting braintheboss
Question now is if this bull move is support broken retest or real bullish movement. Seeing W1 and MN1 seem retest and future fall...
In my view, I have no doubt we are in a long term bear market in GU and anything else paired with the dollar. This may be time for the much needed 61.8% retracement. EU could go to 1.22 and gu to 1.62 and they would still be in a downtrend.

After that, I expect USD Index will test 120 in the next 2 years...
Observation is the path to discovery.
  • #411,765
  • Mar 18, 2015 1:05pm Mar 18, 2015 1:05pm
And yet another opportunity to go short.
  • #411,766
  • Mar 18, 2015 1:16pm Mar 18, 2015 1:16pm
Quoting Zappa
And yet another opportunity to go short.
atm ... daily candle is telling something different!
i would at least wait for it to be closed. could close even > 1.4860...
90% of traders use TA, indicators and prediction
  • #411,767
  • Mar 18, 2015 1:17pm Mar 18, 2015 1:17pm
Quoting Makavell
{quote} me positive we'll see 1.4550 before ever seeing anything near 1.4850. Having sexy dollar dreams already
Come with me if you want to live....
  • #411,768
  • Mar 18, 2015 1:17pm Mar 18, 2015 1:17pm
Above the weekly pivot at 1.4830 1.4920 looks next to a sure thing.
  • #411,769
  • Mar 18, 2015 1:21pm Mar 18, 2015 1:21pm
Quoting _BBKing_
{quote} atm ... daily candle is telling something different! i would at least wait for it to be closed. could close even > 1.4860...
Yep, I was wrong. I'm out.
  • #411,770
  • Mar 18, 2015 1:26pm Mar 18, 2015 1:26pm
Quoting _BBKing_
scaled out 1/3 @4715 filled @4711 for some 70pips {image} will let it run free for a while maybe till end of this week. depending on what happens during next days of course. meanwhile: there is an important bounce up in brent price {image}

scaled out a bit @4860 filled @4850 for some 200pips

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_15 Mins_snapshot.png Size: 7 KB


brutal move btw!
90% of traders use TA, indicators and prediction
  • #411,771
  • Mar 18, 2015 1:30pm Mar 18, 2015 1:30pm
Quoting Ill-b-back
{quote}
OOPSS!!!! Anyway, got in at 1.5045 and aiming for 1.4550. this North surge is a trap!
  • #411,772
  • Mar 18, 2015 1:31pm Mar 18, 2015 1:31pm
Quoting Zappa
{quote} Yep, I was wrong. I'm out.
no worries! happens to everybody!
look: i'm still holding my gbp nzd longs despite the crash hoping to see price re testing 2.01...

what only protects us from losses is money management: as long as a loss won't kill the account, everything is OK!
90% of traders use TA, indicators and prediction
  • #411,773
  • Mar 18, 2015 1:43pm Mar 18, 2015 1:43pm
Quoting _BBKing_
{quote} no worries! happens to everybody! look: i'm still holding my gbp nzd longs despite the crash hoping to see price re testing 2.01... what only protects us from losses is money management: as long as a loss won't kill the account, everything is OK!
That's right. I had nice position built up as I was adding size along the way. My stop on that got hit, but I'm not a believer in this yet. I have entered another short with less than half of what I had built up. Let's see what happens.
  • #411,774
  • Mar 18, 2015 1:47pm Mar 18, 2015 1:47pm
Don't forget the QE ...............
  • #411,775
  • Mar 18, 2015 2:01pm Mar 18, 2015 2:01pm
Attached Image (click to enlarge)
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  • #411,776
  • Mar 18, 2015 2:14pm Mar 18, 2015 2:14pm
Quoting Poocher
Above the weekly pivot at 1.4830 1.4920 looks next to a sure thing.

What a day cha-ching!
  • #411,777
  • Mar 18, 2015 2:15pm Mar 18, 2015 2:15pm
I dont understand anything
Try don't lose pants never...
  • #411,778
  • Mar 18, 2015 2:15pm Mar 18, 2015 2:15pm
lol what a nice welcome i did not think that would of been today
Attached Image (click to enlarge)
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  • #411,779
  • Mar 18, 2015 2:30pm Mar 18, 2015 2:30pm
Quoting braintheboss
I dont understand anything

FOMOC FED - YELLON
Attached Image (click to enlarge)
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  • #411,780
  • Mar 18, 2015 2:34pm Mar 18, 2015 2:34pm
market followed downside white line and yellow line at the time of FOMC now its going to stay in between upper side white line and weekly blue line

waiting for tomorrow's unemployment claims, next target is 1.5150 if cross above upper weekly line .......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: day chart.png Size: 39 KB
Click to Enlarge Name: gbpusd-d1-leadcapital-markets-limited.png Size: 42 KB
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